resident Obama addressed the looming fiscal cliff — $600 billion in tax increases and spending cuts set to begin Jan. 1 — from the White House on Friday, telling Congress that the "the majority of Americans agree" that the wealthiest citizens should pay higher tax rates, and that those making less than $250,000 a year should not have to see their tax rates increase. Obama, signaling that he would sign a bill that avoids a middle-class tax increase "right now," added that the government's "top priority has to be jobs and growth." The president has also invited congressional leaders to the White House next week to begin negotiations on how to avoid the fiscal cliff.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why is American internet so slow?
- 7 ways to be the most interesting person in any room
- What would a U.S.-Russia war look like?
- Colorado’s new ‘drive high, get a DUI’ commercials are actually pretty clever
- 10 things you need to know today: March 9, 2014
- What the collapse of the Ming Dynasty can tell us about American decline
- Who are the real gay marriage bigots?
- Ukraine's fraught relationship with Russia: A brief history
- 22 TV shows to watch in 2014
- Sorry Belle Knox, porn still oppresses women
Subscribe to the Week